The Global Home Security Solutions market is expected to reach $57.73
billion by 2022 growing at a CAGR of 8.9%.

The rising crime rate, remote monitoring mobile devices and growing
consumer awareness are the factors fueling the market growth. Adoption
and lack of awareness of security systems and high installation costs
are the factors restricting the market growth. The intensified
competition leading to technological advancements among the electrical
distributors & telecom providers are providing massive opportunities for
the market.

North America accounted for the largest share owing to residential
security concerns. While, Asia Pacific is expected to have highest
growth in CAGR due to high crime rate in this region. Electronic locks
held the largest segment of the home security solutions market as these
locks are more reliable than the traditional systems and also due to
growing number of intelligent criminal breaches worldwide.